>poorly named by inviting confusion with the historic OKGT Hod-1 well from the mid1970's

Indeed! Surely they could have come up with a more original name. Like HOD-2 :)

>That event, if still not completed, may be awaiting Exxon's testing of the Hod well.

I assume from that statement that testing has not yet begun on the Hod-1. Could you give us a hint as to when you think that might happen?

>On the other hand, this could further delay getting gas up from the reservoir, an event, which is equally anticipated with great interest from both Falcon shareholders and the undersigned.

That's for sure. I agree that since the geology is similar, a successful test of the Hod-1 will be very good for Falcon, but so would revenue from gas sales.

To remove any doubt as to the rules and regulations in regards to royalties and gas sales during flow testing, last year I emailed Dr. Baratosi of the Mining Bureau. This was her response:

"To flow gas from the wells in order to do well testing is a mining activity. The mining entrepreneur can sell the gas flowed at the base of approved technical operation plan, with obligation of royalty payment."